Australia has a record ten companies in this year’s highly-regarded Fintech100 report, putting it second only to the United States and ahead of other key markets such as Singapore and the UK when it comes to mentions on the list.

FinTech Australia today welcomed a major report which shows that Australia has among the best fintech market penetration in the world, ahead of other advanced markets such as Hong Kong, Singapore and the United States.

New research will aim to establish current trends and best practice in the growing fintech lending market to small and medium-size enterprises (SME).

Fintech small business lenders will be surveyed as part of a collaborative research project by the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) with industry organisation FinTech Australia and independent SME finance expert Neil Slonim from the BankDoctor.org.

Australia’s fintech industry body today released its first member ecosystem map, which helps build domestic and international understanding of the nation’s fintech strengths and diversity, particularly in wealth generation and lending.

The map lists 119 members of FinTech Australia, along with the nation’s key financial services regulators.

“The map is arguably the best visual representation yet of our fintech industry, which is the largest startup sub-sector in Australia according to the most recent Startup Muster survey,” said FinTech Australia CEO Danielle Szetho.

The Australian Government’s changes to the skilled visa policy are a disaster for Australia’s startup community, stopping small innovative firms from overcoming yawning skills shortages, an industry group said today. Read more

This Census is the first of its kind – a National, in-depth survey of FinTech Startups, examining FinTech-specific challenges such as licensing, bank partnerships and effectiveness of FinTech-specific Government initiatives. Read more